| st. joseph’s college of commerce (autonomous) | ||
| END SEMESTER EXAMINATION – MARCH/APRIL 2015 | ||
| BBm – II Semester | ||
| M1 11 204: MACRO ECONOMICS | ||
| Duration: 3 Hours Max. Marks: 100 | ||
| SECTION – A | ||
| I) | Answer ALL the questions. Each carries 2 marks. (10×2=20) | |
| 1. | What do you mean by Centrally Planned Economy? | |
| 2. | Complete the following equations:
|
|
| 3. | Giving reasons, classify the following into intermediate and final goods :
(i)Machines purchased by a dealer of machines. (ii)A car purchased by a household |
|
| 4. | What do you understand by Hyper Inflation? | |
| 5. | Give two examples of Transfer payment. | |
| 6. | Mention the difference between FDI and FII. | |
| 7. | Briefly explain K-Economy. | |
| 8. | What do you mean by Human Development Index? | |
| 9. | Define National Income. | |
| 10. | Who is considered as normal resident? | |
|
SECTION – B |
||
| II) | Answer any FOUR questions. Each carries 5 marks. (4×5=20) | |
| 11. | Describe the various phases of a Business Cycle with the help of a diagram. | |
| 12. | What do you understand by inflation? Give its causes and effects on different sections of society. | |
| 13. | Define socialism and enumerate the features of socialistic economy. | |
| 14. | Explain the procedure for receiving Foreign Direct Investment in an Indian company. | |
| 15. | Discuss the difficulties in the estimation of National income. | |
| 16. | What do you mean by capital formation? Explain the various reasons for low rate of capital formation in India. | |
|
SECTION – C |
||
| III) | Answer any THREE questions. Each carries 15 marks. (3×15=45) | |
| 17. | “Capitalism is a social system based on the principle of individual rights. Politically, it is the system of laissez-faire (freedom). Economically, when such freedom is applied to the sphere of production its result is the free-market”.
Throw light on this statement and analyse the features, merits and defects of such an economic system? |
|
| 18. | What are the monetary measures of controlling inflation? Are the fiscal or monetary measures effective in controlling inflation?
|
|
| 19. | “FDI in multi brand retail will harm small shopkeepers, adversely affect domestic manufacturing sector and create joblessness “-To what extent do you agree or disagree with this statement? Elaborate on the pros and cons of FDI in India?
|
|
| 20. | Explain clearly any two method of estimating national income of a country.
|
|
| 21. | What are the different types of unemployment and explain the various remedial measures undertaken to reduce unemployment? | |
|
SECTION – D |
||
| IV) | Case Study (1×15=15) | |
| 22. | In the year 2014, a Country’s Factor income from NDP occurring to Private sector is 500. (Rs. in Crores)
(i)Income from property and entrepreneurship accuring to the Govt. administrative Department is 100 (ii) Saving of non-departmental enterprises 80 (iii) Corporation tax 30 (iv) Saving of Pvt. Corporate sector 65 (v) Direct taxes paid by house hold 20 (vi) Current transfers from Govt. Administrative departments 30 (vii) Factor income from abroad 5 (viii) Operating surplus 150 (ix) Factor income to abroad 15 From the following data calculate: (a) Private income (b) Personal income (c) Personal disposable income.
|
|
&&&&&&&&&&&&&&&&&&&&&&&&&&
Latest Govt Job & Exam Updates: